By Gina Mitchell
At the October 10th Board of Directors meeting both James King and Aruna Hobbs were recognized for completing six years of service on the Board. Prudential’s James King was the past Chairman of the Board of Directors for four years. During 2016, King served in an ex-officio capacity. During King’s tenure as Chairman, he oversaw SVIA’s efforts on evaluating and commenting on the Department of Labor’s fiduciary rules as they applied to stable value funds, as well as expansion of stable value funds in custom target date funds.
MassMutual’s Aruna Hobbs has served for the past four years in an ex-officio capacity as the Treasurer and Chair of the Board’s Finance Subcommittee. During Hobbs’ term she oversaw the restructuring of the Finance function into a subcommittee of the board as well as the development and implementation of an investment policy and guidelines for the Association. Both are required to take a break from Board service for three years after serving two-consecutive terms.